TC Energy (TSE:TRP) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of TC Energy (TSE:TRP) (NYSE:TRP) from a hold rating to a buy rating in a research report report published on Tuesday, Marketbeat Ratings reports. Jefferies Financial Group currently has C$102.00 target price on the stock, up from their previous target price of C$100.00.

Several other research firms have also commented on TRP. National Bank Financial raised their price objective on shares of TC Energy from C$102.00 to C$103.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. Canadian Imperial Bank of Commerce boosted their price target on shares of TC Energy from C$89.00 to C$94.00 in a research note on Monday, May 4th. ATB Cormark Capital Markets increased their price objective on TC Energy from C$98.00 to C$100.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada lifted their target price on TC Energy from C$104.00 to C$106.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$95.64.

TC Energy Trading Up 0.1%

TRP opened at C$86.67 on Tuesday. TC Energy has a 52 week low of C$69.41 and a 52 week high of C$100.18. The business has a fifty day simple moving average of C$92.33 and a 200-day simple moving average of C$90.77. The firm has a market cap of C$90.29 billion, a P/E ratio of 25.95, a P/E/G ratio of 1.69 and a beta of 0.68. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 229.63.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.94 earnings per share (EPS) for the quarter. TC Energy had a return on equity of 13.07% and a net margin of 22.46%.The firm had revenue of C$3.96 billion for the quarter. On average, equities analysts expect that TC Energy will post 3.5490515 earnings per share for the current year.

Insider Buying and Selling

In other TC Energy news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total value of C$147,585.00. 0.03% of the stock is owned by company insiders.

TC Energy Company Profile

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.